QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 55.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,647 shares of the wireless technology company's stock after purchasing an additional 10,909 shares during the quarter. IHT Wealth Management LLC's holdings in QUALCOMM were worth $5,176,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. CGN Advisors LLC purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $233,000. Lantz Financial LLC purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $234,000. Csenge Advisory Group raised its stake in shares of QUALCOMM by 25.3% during the 2nd quarter. Csenge Advisory Group now owns 6,630 shares of the wireless technology company's stock worth $1,321,000 after buying an additional 1,337 shares in the last quarter. MADDEN SECURITIES Corp purchased a new position in shares of QUALCOMM during the 2nd quarter worth approximately $1,023,000. Finally, Warther Private Wealth LLC increased its stake in QUALCOMM by 80.0% in the 2nd quarter. Warther Private Wealth LLC now owns 3,682 shares of the wireless technology company's stock valued at $733,000 after purchasing an additional 1,637 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Up 0.4 %

NASDAQ:QCOM traded up $0.61 during mid-day trading on Wednesday, hitting $163.19. The company had a trading volume of 3,557,153 shares, compared to its average volume of 8,969,684. The business has a fifty day simple moving average of $166.49 and a 200-day simple moving average of $180.15. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 1 year low of $128.95 and a 1 year high of $230.63. The firm has a market capitalization of $181.30 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.74 and a beta of 1.25.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, December 5th. QUALCOMM's payout ratio is 37.82%.

Insider Transactions at QUALCOMM

In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at approximately $36,229,207.20. This trade represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now owns 94 shares of the company's stock, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,450 shares of company stock valued at $2,911,306. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. TD Cowen raised QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. dropped their price objective on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Loop Capital assumed coverage on QUALCOMM in a research note on Monday, November 11th. They issued a "hold" rating and a $180.00 price objective for the company. Susquehanna dropped their price objective on QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price objective on QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $210.15.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.